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1,398 comment(s). Last comment by GLNT at Dec 6, 2019 10:06 PM
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Hafid
511 posts

Posted by Hafid > Nov 22, 2019 9:18 AM | Report Abuse

KUALA LUMPUR: MBM RESOURCES BHD
image: https://cdn.thestar.com.my/Themes/img/chart.png

's earnings should be boosted in the final quarter of the year on the back of year-end sales and the inclusion of the Perodua Axia facelift deliveries, says RHB research.

According to the research house, Perodua has received over 20,000 bookings and delivered 10,400 units of the facelift model since launching it in mid-September.

Meanwhile, MBM's Volvo sales are also expected to do well with its wider range of products at a more competitive pricing.

"We increase our FY19F-21F earnings slightly by 5%, 2% and 2% respectively, imputing a more optimistic margin assumption," said RHB.

It maintained its buy rating on the stock with a target price of RM4.95.

For 3Q19, MBM posted core earnings of RM56.2mil, which was 38.4% higher year-on-year (y-o-y) and 3.6% higher quarter-on-quarter (q-o-q).

With a cumulative 9M19 core net profit of RM151mil, the earnings was within RHB's estimates but above consensus expectations at 75% and 80% of full-year forecasts respectively.

Perodua's associate contribution in the quarter improved 37% y-o-y and 7.9% q-o-q, likely due to higher sales volume and better product mix, said RHB.

The motor trading division also performed better, in tandem with stronger sales volume of MBM related brands, it said.
TOPIC:


Read more at https://www.thestar.com.my/business/business-news/2019/11/22/mbm-resources-may-see-earnings-boost-in-4q#Tc8VvD4F8PECsRHI.99


GLNT
173 posts

Posted by GLNT > Nov 22, 2019 9:21 AM | Report Abuse

Too cheap. Should be trading above RM5!


Hafid
511 posts

Posted by Hafid > Nov 22, 2019 9:59 AM | Report Abuse

MBM Resources (MBM) reported another strong set of results – 9M19 core net profit rose by 24% yoy to RM151m on higher revenue (+14% yoy) and higher associates and JV contributions (+25% yoy). we raise our EPS by 23-32% for 2019-21E, and maintain our BUY rating with a higher TP of RM6.00 (from RM4.55). At 6x 2020E PER, MBM’s valuation looks attractive.


Hafid
511 posts

Posted by Hafid > Nov 22, 2019 10:45 AM | Report Abuse

MBMR coming down.


GLNT
173 posts

Posted by GLNT > Nov 22, 2019 11:10 AM | Report Abuse

Please sell more.


rojakmee
957 posts

Posted by rojakmee > Nov 22, 2019 11:16 AM | Report Abuse

foreign fund seem to be selling non stop regardless of value, need to wait until selling stop for it to move RM6+


cchin
543 posts

Posted by cchin > Nov 22, 2019 11:39 AM | Report Abuse

Good company with good financial results but share price not going up


rojakmee
957 posts

Posted by rojakmee > Nov 22, 2019 11:50 AM | Report Abuse

https://klse.i3investor.com/servlets/ptres/53062.jsp


Cakes Moon
5104 posts

Posted by Cakes Moon > Nov 22, 2019 12:10 PM | Report Abuse

Take profit.


RainT
5026 posts

Posted by RainT > Nov 22, 2019 2:59 PM | Report Abuse

KLSE pattern is like that

good company but share price not go up

curse on KLSE , i think


factslim1
43 posts

Posted by factslim1 > Nov 22, 2019 3:06 PM | Report Abuse

MBM Resources Bhd’s net profit rose 46% year-on-year (YoY) to RM55.76 million in the third quarter ended Sept 30, 2019 (3Q19), supported by higher revenue recorded during the period.

The automotive group’s revenue increased 11.6% YoY to RM515.32 million in 3Q19, helped by higher contribution from its motor trading segment.

Revenue from the group’s motor trading segment climbed 12.3% YoY or RM51.2 million to RM468.5 million during the quarter.


GLNT
173 posts

Posted by GLNT > Nov 22, 2019 3:31 PM | Report Abuse

Good mah. Plenty of opportunities for you to buy in. Beauty of KLSE


rojakmee
957 posts

Posted by rojakmee > Nov 22, 2019 3:35 PM | Report Abuse

Mahathir need to go if KLSE to prosper like before he took over, he and his Muslim agenda not in favour by foreign funds that the main reason they are exiting like never before.


RainT KLSE pattern is like that

good company but share price not go up

curse on KLSE , i think


rojakmee
957 posts

Posted by rojakmee > Nov 22, 2019 3:49 PM | Report Abuse

just wait until Jan 2020, fuel price increase, increase in dividend and also expected better performance for Q4 will push MBMR


GLNT
173 posts

Posted by GLNT > Nov 22, 2019 3:51 PM | Report Abuse

Dumb dumb hold till RM5 and above


ahbah
722 posts

Posted by ahbah > Nov 23, 2019 2:09 PM | Report Abuse

MBMR ... good buy


gemfinder
104 posts

Posted by gemfinder > Nov 23, 2019 2:28 PM | Report Abuse

All ibs gave tp above rm4. With the good result, oso cannot up. Wat a shame


RainT
5026 posts

Posted by RainT > Nov 23, 2019 2:31 PM | Report Abuse

there is no such things as good result share price will up, lol


gemfinder
104 posts

Posted by gemfinder > Nov 23, 2019 4:00 PM | Report Abuse

Ibs never mention the profit adjustment in umw will afect mbmr.. time to buy?


James Ng
1359 posts

Posted by James Ng > Nov 23, 2019 7:21 PM | Report Abuse

https://klse.i3investor.com/blogs/general/239261.jsp
[转贴] [Facebook live video:浅谈MBM Resources bhd (MBMR)] - James的股票投资James Share Investing


KassimBaba7
140 posts

Posted by KassimBaba7 > Nov 24, 2019 1:21 PM | Report Abuse

Prediction was for a correcting quarter - but instead sustained with a good quarter going forward with still good valuations, weelp


GLNT
173 posts

Posted by GLNT > Nov 24, 2019 2:59 PM | Report Abuse

I suspect got a lot of shorts for past two days coz expecting lousy quarter.


GLNT
173 posts

Posted by GLNT > Nov 24, 2019 3:01 PM | Report Abuse

After results out, all shocked but still need to cover shorts. Good lah, allow us to buy more at this level.


gemfinder
104 posts

Posted by gemfinder > Nov 24, 2019 3:46 PM | Report Abuse

Tomorow top up more


KassimBaba7
140 posts

Posted by KassimBaba7 > Nov 24, 2019 7:03 PM | Report Abuse

Price is at take profit level for those who entered at RM3. My regret for taking profit earlier and now buying back at nearly the same price. But well.. facts speak louder than emotion, so at least consider it okay to be able to buyback at roughly a similar price.


rojakmee
957 posts

Posted by rojakmee > Nov 25, 2019 9:35 AM | Report Abuse

Maybank TP RM6.35 me just wait


GLNT
173 posts

Posted by GLNT > Nov 25, 2019 10:07 AM | Report Abuse

Too bloody cheap.


gemfinder
104 posts

Posted by gemfinder > Nov 25, 2019 10:33 AM | Report Abuse

no 5 no sell


pang72
30786 posts

Posted by pang72 > Nov 25, 2019 12:44 PM | Report Abuse

Buy and forget!


zakaria444
49 posts

Posted by zakaria444 > Nov 25, 2019 3:57 PM | Report Abuse

“Demand for Perodua (Perusahaan Otomobil Nasional Kedua Sdn Bhd) vehicles remained strong in this quarter, especially with the Myvi, Axia and Aruz models, complemented by strong fleet sales volume from Daihatsu,” the firm said in a statement to the local bourse yesterday.

Profit before tax (PBT) for the segment jumped 34.2% YoY or RM2.2 million to RM8.8 million in 3Q19, helped by robust demand.

Revenue from the group’s auto parts manufacturing segment increased by 5.3% YoY or RM2.3 million to RM46.4 million from the previous quarter, in tandem with consistent market demand.

However, PBT for the segment edged lower to RM2.3 million in 3Q19, mainly due to customer mix. MBM Resources is the secondlargest shareholder of Perodua. It also holds a 42% stake in Hino Motors (M) Sdn Bhd.


pang72
30786 posts

Posted by pang72 > Nov 25, 2019 6:53 PM | Report Abuse

Lower TP4. 55
Higher TP 6.50..

Pensang...that I can buy 3.84...
Haha!


pang72
30786 posts

Posted by pang72 > Nov 26, 2019 12:56 PM | Report Abuse

https://www.orientaldaily.com.my/news/business/2019/11/22/315813


pang72
30786 posts

Posted by pang72 > Nov 26, 2019 12:56 PM | Report Abuse

Let's review above article time to time on target price


KassimBaba7
140 posts

Posted by KassimBaba7 > Nov 26, 2019 11:06 PM | Report Abuse

Sell now and regret later. RMB it flew to 4.20 unjustified previously with concern if it could sustain. Now it is very justified with a strong QR and another equal or better WR ahead.


GLNT
173 posts

Posted by GLNT > Nov 27, 2019 11:09 AM | Report Abuse

Please sell more and get out of this counter. Thank you thank you.


laychee
589 posts

Posted by laychee > Nov 29, 2019 3:41 PM | Report Abuse

US hits record high again. China red eye.


prince4
963 posts

Posted by prince4 > Nov 29, 2019 4:11 PM | Report Abuse

US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in big cap and midcap stocks and will short selling mid cap stocks for make money so now no prospects cannot buy and hold .
http://www.bursamalaysia.com/misc/system/assets/28273/Directive-on-the-List-of-Approved-Securities-(with-effective-from-29Nov2019).pdf
TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..


GLNT
173 posts

Posted by GLNT > Dec 2, 2019 11:03 AM | Report Abuse

Sell sell sell, keep the prices down. Thanks


keithtrade
7 posts

Posted by keithtrade > Dec 3, 2019 3:16 PM | Report Abuse

Bargain at RM 3.75 with PE almost down to 6 and potential dividend of 9.5% with new dividend policy.


GLNT
173 posts

Posted by GLNT > Dec 3, 2019 4:46 PM | Report Abuse

Prices are this crazy these days


GLNT
173 posts

Posted by GLNT > Dec 3, 2019 4:53 PM | Report Abuse

EPF screwing the prices I guess.


GLNT
173 posts

Posted by GLNT > Dec 3, 2019 6:47 PM | Report Abuse

Or likely the banks which issued call warrants want to press down the prices.


GLNT
173 posts

Posted by GLNT > Dec 3, 2019 7:20 PM | Report Abuse

Ambank and Kenanga the likely culprits suppressing the share prices: CI and CJ warrants


rojakmee
957 posts

Posted by rojakmee > Dec 4, 2019 9:22 PM | Report Abuse

Foreign Fund are selling , they bought long time ago selling at profit now. most ff wants to exit Malaysia, wait until the selling stop will go higher


rojakmee
957 posts

Posted by rojakmee > Dec 5, 2019 1:27 AM | Report Abuse

No one else selling this cheap other than ff, will back up fast once the selling stop.


GLNT
173 posts

Posted by GLNT > Dec 5, 2019 11:43 AM | Report Abuse

Good good. Foreign funds pls get out


rojakmee
957 posts

Posted by rojakmee > Dec 6, 2019 2:57 PM | Report Abuse

think engine has started for MBMR, all the way to rm6+


GLNT
173 posts

Posted by GLNT > Dec 6, 2019 10:06 PM | Report Abuse

Slowly lah, don't start engine so fast. Let more sell at this price till no sellers anymore, then can rocket lah

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